Tesco launches GBP 200 million tranche: Tesco stock buyback reaches GBP 950 million

Published on 10/25/2026 at 13:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The October 23 buyback covered 6,804,968 shares at an average GBp 539.58. The buyback of Tesco stock now totals GBP 950 million, up from GBP 750 million.

Capital returns and operating progress

Tesco bought 6,804,968 shares on October 23, 2026 at an average GBp 539.58.
First-half adjusted operating profit reached GBP 1,783 million for fiscal 2026/27, up 6.3 percent.
The London quote was GBp 537.60 on October 23, 2026, within a GBp 411.70 to GBp 622.50 52-week range.

Flatlay mit Aktienzertifikat, ISIN-Karte, Einkaufswagen-Miniatur und frischem Gemüse — Tesco plc (ISIN GB00BLGZ9862) als Investment dargestellt: Flatlay mit Aktienzertifikat, ISIN-Karte und Einkaufsutensilien, Illustration mit AI erstellt.

Tesco (ISIN GB00BLGZ9862) expanded its shareholder-return program with a GBP 200 million third tranche, taking the maximum fiscal 2026/27 buyback to GBP 950 million. The latest purchase covered 6,804,968 shares, giving investors a concrete measure of the program's pace.

Three buyback milestones

On October 8, 2026, Tesco reported first-half fiscal 2026/27 adjusted operating profit of GBP 1,783 million, up 6.3 percent from the prior-year period, and lifted the current-year buyback to GBP 950 million from GBP 750 million.

On October 19, 2026, Tesco announced a third buyback tranche worth up to GBP 200 million, with the overall program due to complete by April 2027, according to Refinitiv.

On October 23, 2026, Tesco purchased 6,804,968 shares at an average GBp 539.58, according to London Stock Exchange. The filing said 6,232,737,259 ordinary shares remained in issue after the transaction.

What does the buyback add?

The capital-return signal sits alongside operating progress. Tesco's first-half sales excluding value-added tax and fuel reached GBP 33,776 million, up 2.0 percent at actual exchange rates, while free cash flow rose 21.0 percent to GBP 1,570 million. The company expects full-year adjusted operating profit of GBP 3.15 billion to GBP 3.30 billion.

Profit growth exceeded sales growth in the first half, but the buyback is also reducing the share count. Adjusted diluted earnings per share increased 12.2 percent to GBP 0.173, while the interim dividend rose 5.2 percent to GBp 5.05. That combination gives the program an operating and per-share dimension.

Upcoming reporting date

The next scheduled company event is a third-quarter sales and revenue release on January 13, 2027, listed in Tesco's market calendar by MarketScreener. The buyback program is scheduled to finish by April 2027.

London quote and valuation range

On the London Stock Exchange, Tesco was last quoted at GBp 537.60 on October 23, 2026 at 4:51 p.m. BST, with the market closed. The same quote showed a 52-week range of GBp 411.70 to GBp 622.50, placing the last quote below the yearly high while keeping it above the low.

The further course of trading is shown by the continuously updated real-time quote of Tesco stock.